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$43,000   Price Analysis
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986 Eldridge Ave
Memphis, TN 38107
2 bed 2 bath unknown SqFt ($0/SqFt)
5,227SqFt lot. Built 1940
Listed 2024-02-14, Taxes $480
Ⓧ USDA Ineligible
due to location

near Memphis

Investment Opportunity!

This du plex is ready for a full Renovation and then Rental income. This property offers the potential to maximize rental income with the flexibility to rent out both sids or live in one side while renting out the other.

Whether you're a seasoned investor or starting in real estate, don't miss out on the investment opportunity.


Presented by Lauren Edwards at
Crye-Leike, Inc., REALTORS.


Property MLS #10165858 from Memphis

Bedrooms: 2

Range/Oven (Freestanding)

Cooling Features: 1 Window Unit per Unit
Heating Features: Gas, Wall Heat
Water Heaters: Gas

Full Bathrooms: 2

Interior Amenities: Concrete Floor

Porch

Lot Description: Level
Lot Size Acres: 0.12
Lot Size Dimensions: 49X110
Lot Size Square Feet: 5227

Parking Features: Street Parking Only

Tenant Pays: All Utilities, Trash Collection, Lawn Maintenance

Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Unit-1 Description: Eat-in Kitchen, Separate Living Room
Unit-2 Description: Eat-in Kitchen, Separate Living Room

Annual Tax Amount: 267
Source Listing Status: Active
County: Shelby
Directions: From Hwy 51 (Thomas St), go East on Firestone Ave, Right on Morehead St, Left on Eldrige Ave, Property on Left.
Source Property Type: Duplexes
Area: Harbor Town/Downtown
Source Neighborhood: VICTORY COURTS
Subdivision: VICTORY COURTS
Property Subtype: Built as Duplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$6,960 + $920
$7,880
$480
2021$6,960 + $920
$7,880
$485
2020$10,440 + $920
$11,360
$823
2019$10,440 + $920
$11,360
$823
2018$10,440 + $920
$11,360
$823
2017$10,440 + $920
$11,360
$466
2016$10,440 + $1,200
$11,640
$508
2015$10,440 + $1,200
$11,640
$508
2014$10,440 + $1,200
$11,640
$508
2013$10,440 + $1,200
$11,640
$509
2007$9,440 + $1,800
$11,240
$839
2006$9,440 + $1,800
$11,240
$839

Price Changed 2024-03-21
$43,000
Memphis
Listed 2024-02-14
$45,000
Memphis
Sold 2022-06-14
$35,000
Public Record
Listing removed 2014-02-01
$12,000
Memphis
Price Changed 2013-10-16
$12,000
Memphis
Listed 2013-09-10
$148,000
Memphis
Sold 2006-03-09
$150,000
Public Record

Year Built: 1940
Building Exterior Type: Brick Veneer
Foundation Details: Conventional
Property Age: 84
Roof: Composition Shingles
Levels or Stories: 1
House Style: Traditional

Memphis Scholars Caldwell-Guthrie is a public elementary school located approximately 0.3 miles away.
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Manassas High School is a public high school located approximately 0.5 miles away.
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Humes Preparatory Academy Middle School is a public middle school located approximately 1.1 miles away.
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Helicon School @ Porterheath is a private middle and high school located approximately 0.7 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.